EuroCham launches study to support Indonesia Industry 4.0

The European Chamber of Commerce in Indonesia (EuroCham) launched a study on “Transforming Indonesia’s Economy” to support the Government of Indonesia in achieving the goal of Making Indonesia 4.0.

EuroCham launches Study to Support Indonesia Industry 4.0

The European Chamber of Commerce in Indonesia (EuroCham) launched a study on “Transforming Indonesia’s Economy” to support the Government of Indonesia in achieving the goal of Making Indonesia 4.0. The study offers illustration of how the European Union (EU) Member States transformed and promoted changes in Europe, as well as recommendations for the government of Indonesia on four of the country’s priority sectors, namely manufacturing and industry 4.0, automotive, pharmaceutical, and renewable energy sectors. The ultimate goal is to increase the competitiveness of Indonesia as an investment destination.

“This study is the contribution of EuroCham in supporting Indonesia’s economy growth plan. All of the case studies and best practices reported in this study are gathered through a series of surveys and interviews to not only EuroCham member companies who are already investing and operating in Indonesia, but also other relevant stakeholders including the government of Indonesia. Through this study, we continue to align ourselves with the development of the government priority sectors which includes manufacturing and industry 4.0, automotive, pharmaceutical, and renewable energy. This alignment shall elevate our partnering with Indonesian government to progress Indonesia through a stronger and sustainable economy and environment,” said Ms Corine Tap, Chair of EuroCham during the launching event of the EuroCham Study in Jakarta on 6 August 2019.

As a dialogue partner of the Government of Indonesia, EuroCham hopes that this study can be used as a reference for further discussion and policy making purposes to achieve the goal of Making Indonesia Industry 4.0. EuroCham believes that an open and constructive dialogue regarding key development factors between all stakeholders, policy makers, as well as investors from the private sectors will further transform the county’s economy.

Mr Charles-Michel Geurts, Chargé d’affaires a.i. of the EU Delegation to Indonesia said that the experience of European companies and EU Member States in transforming the industry ecosystem to a robust environment can certainly be applied in Indonesia. Effective policymaking coupled with complimentary trade relation with partner countries such as the EU could help make this ambition a reality. Currently, the EU is negotiating a Comprehensive Economic Partnership Agreement (CEPA) with Indonesia which is expected to accelerate trade and investment relations between the two sides, as well as improve human capital development, and encourages more innovations. “We believe enhanced partnership between the European Union and Indonesia will benefit both economies, as well as ensure acceleration of technology and knowledge transfer to Indonesia,” said Geurts.

The launching event was graced by H.E. Airlangga Hartarto, the Indonesian Minister of Industry, who delivered a keynote speech.